British Petroleum (BP) India is planning to invest over USD 2 billion in the Indian market through its upstream ventures in the next few years.
BP India is expecting nearly 10 percent of BP's global earning to flow from India considering the growing energy demand and plans to invest in cutting-edge renewable and alternate energy technologies, Sashi Mukundan, BP Group’s regional president and head of India told a paper recently.
The firm's total earning in FY17 jumped more than double from the previous year to stand at USD 6.2 billion.
The company has been investing in the Indian market. BP has invested more than USD 8 billion in India in the past seven years. Nearly 95 percent of its investment, or USD 7 billion, has been directed towards exploration and production.